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Sandbridge Market Activity June – August 2015

In the 60 days ending 8/21/15 eight single family Sandbridge homes closed. These 8 sales reflect market activity over roughly the last 90 days.

The sales were spread evenly over all variety of types, prices and locations. There wasn’t any area, type or price that was more active than another. 6 of the 8 houses were listed for sale. There were 2 sold before ever being listed, although these are shown as FSBO (for sale by owner) each had an agent involved in the sale. Zero inventory of 6-7 bedroom semi oceanfront homes and a low inventory of reasonably priced open bay homes resulted in these sales.

When looking at houses that have contracts pending or under contract with contingencies Sandpiper Road is the hot street. 6 of these 9 houses are on Sandpiper, the other 3 are Oceanfronts. Three of the Sandpiper houses are under $500k. The oceanfront homes are lower and upper end priced units.

Overall the market is fairly steady, however there are certain market segments that are very quiet. Inventory level for houses is about average at 56.

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